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View from Starbase as the SpaceX IPO launches

A general view of a SpaceX facility on the day of the company’s initial public offering (IPO), in Starbase, Texas, U.S., June 12, 2026. REUTERS/Gabriel V. Cardenas Purchase Licensing Rights, opens new tab

June 15 (Reuters) - Elon Musk said on Sunday that his rocket company, SpaceX (SPCX.O), opens new tab, could bring ​in $1 trillion in revenue by 2030, ‌making the statement two days after the company went public, valuing it at over $2 trillion.

"And I ​would be surprised if revenue ​is not greater than $1T in 2031," he ⁠wrote on his social media platform ​X, replying to journalist and financial commentator ​Jon Erlichman.

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SpaceX on Friday became the sixth-largest U.S. firm, cementing Musk's status as the world's first ​trillionaire.

However, the company still makes far ​less money than similarly valued tech giants like ‌Broadcom (AVGO.O), opens new tab ⁠and Amazon.com (AMZN.O), opens new tab.

In 2025, SpaceX's revenue jumped to $18.67 billion from $14.02 billion a year earlier, but the company swung to a net ​loss of $4.94 ​billion from ⁠a profit of $791 million.

Some Wall Street analysts are cautious about ​the company's growth.

Goldman had estimated ​that ⁠SpaceX's revenue would exceed $470 billion in 2030, while Morgan Stanley projected it would reach nearly $330 ⁠billion, ​according to a Wall ​Street Journal report from earlier this month.

Reporting by Shivani ​Tanna in Bengaluru; Editing by Nivedita Bhattacharjee

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